- Republic Airways and Mesa Air Group Complete Merger
Nov 25, 2025
Combination creates a leading publicly traded regional airline committed to safely and reliably connecting people and communities across America
CARMEL, Ind. & PHOENIX, November 25, 2025--(BUSINESS WIRE)--Republic Airways Holdings Inc. (NASDAQ: RJET) today announced the successful completion of the merger between Republic Airways and Mesa Air Group, Inc. The transaction was announced on April 7, 2025 and approved by Mesa stockholders on November 17, 2025. Under the terms of the merger agreement, Republic stockholders now own approximately 88% of the combined company’s common stock and Mesa stockholders will own at least 6%, and up to 12% of the combined company’s common stock, subject to the final settlement of Mesa’s pre-closing obligations.
As a combined company, Republic Airways Holdings Inc. will own the world’s largest Embraer jet fleet of 310 E-Jets supporting more than 1,300 daily departures. Republic Airways Inc. will continue to support American Airlines, Delta Air Lines, and United Airlines under its existing capacity purchase agreements ("CPA") while Mesa Airlines will support United Airlines under a new 10-year CPA signed in connection with this transaction.
"This merger establishes a combined company with a common mission to provide safe, clean, and reliable service to connect people and communities across America. The transaction will create value for all of our stakeholders and strengthen the regional aviation industry," said David Grizzle, CEO of Republic Airways. "Today, Republic returns to the public markets as a well-capitalized airline with a strong strategic plan, a capable and proven workforce of aviation professionals, and a horizon bright with opportunity."
Republic and Mesa share a legacy of regional airline operations built on a strong culture and professional pride. This merger unites two organizations that have long recognized the value of investing in people whose skill and dedication have earned the trust of partners and passengers alike. The cultural alignment of the combined organization positions its more than 8,000 impacted aviation professionals for continued growth, development, and long-term success.
Matt Koscal, President of Republic Airways, explained the strategic logic of the transaction: "Bringing Republic and Mesa together is the natural next step for Republic. It continues a growth trajectory that stretches back more than five decades, makes us a stronger and more capable partner for our customers, will create new job and career opportunities for our people, and offers a compelling investment opportunity in an essential industry."
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Republic and Mesa will maintain parallel operations while the combined company works to consolidate the two airlines to operate as a single carrier.
As of today, the combined company will trade under the ticker RJET on the NASDAQ Global Select Market.
Simpson Thacher & Bartlett LLP served as legal counsel and Goldman Sachs & Co. LLC served as financial advisor to Republic Airways. FTI Capital Advisors, LLC served as financial advisor and DLA Piper LLP served as legal counsel to Mesa Air Group. Sidley Austin LLP served as legal counsel to United Airlines.
About Republic Airways Holdings Inc.
Founded in 1974, Republic Airways maintains a combined fleet of more than 300 Embraer 170/175 aircraft and its airlines offer scheduled passenger service with more than 1,300 daily scheduled flights to more than 100 cities in the U.S., Canada, the Caribbean, and Mexico. The airlines provide fixed-fee flights operated under their codeshare partners' brands: American Eagle, Delta Connection, and United Express. The airlines employ more than 8,000 aviation professionals. Learn more at www.rjet.com.
Forward Looking Statements
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include statements regarding the merger of Republic Airways and Mesa. Words such as "future," "anticipate," "believe," "estimate," "expect," "intend," "plan," "may," "might," "predict," "will," "would," "should," "could," "can," "may," or the negative or other variations thereof, and similar words or phrases or comparable terminology, are intended to identify forward-looking statements.
The forward-looking statements contained in Press Release reflect Republic Airways’ current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances, many of which are beyond the control of Republic Airways, that may cause actual results and future events to differ significantly from those expressed in any forward-looking statement, which risks and uncertainties include, but are not limited to: risks that the merger disrupts Republic Airways’ current plans and operations or diverts the attention of Republic Airways’ management or employees from ongoing business operations; the risk of potential difficulties with Republic Airways’ ability to retain and hire key personnel and maintain relationships with customers and other third parties as a result of the merger; the failure to realize the expected benefits of the merger; and the risk that the merger may involve unexpected costs and/or unknown or inestimable liabilities.
While forward-looking statements reflect Republic Airways’ good faith beliefs, they are not guarantees of future performance or events. Any forward-looking statement speaks only as of the date on which it was made. Republic Airways disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause Republic Airways' future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the proxy statement/prospectus, related to the merger of Republic Airways and Mesa, filed by Mesa with the Securities and Exchange Commission (SEC) on October 2, 2025, as such factors may be updated from time to time in Republic Airways’ filings with the SEC, which are or will be accessible on the SEC’s website at www.sec.gov.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251124933573/en/
Contacts
Media
Jon Austin
(612) 839-5172
corpcomm@rjet.com
Jon.Austin@rjet.com
Investor Relations
InvestorRelations@rjet.com
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- This is Why Eve Holding Inc. (EVEX) is a Buy Despite Wider Than Expected Q3 Net Loss
Nov 18, 2025
Eve Holding Inc. (NYSE:EVEX) is a must-buy penny stock to buy now. On November 5, H.C. Wainwright analyst Amit Dayal reiterated a Buy rating on Eve Holding Inc. (NYSE:EVEX), impressed by the company’s progress in the electric Vertical Takeoff and Landing (eVTOL) market. Additionally, Cannacord Genuity analyst Austin Moeller reiterated a Buy rating on the stock on November 6 and set a $7.50 price target.This is Why Eve Holding Inc. (EVEX) is a Buy Despite Wider Than Expected Q3 Net Loss
While the company posted a wider-than-expected net loss of $46.9 million, compared to $35.8 million in the same quarter last year, it was attributed to higher research and development expenses. Research and development expenses rose to $44.9 million compared to $32.4 million in the same quarter last year. The increase comes as the company continues to demand increased engineering engagement with Embraer.
Additionally, H.C. Wainwright notes that the company is expanding its manufacturing and testing facilities. Nevertheless, the company boasts a positive outlook, owing to its expanding list of potential customers, supplemented by a significant pipeline of orders and service opportunities. Eve Holding has also secured funding to support its development programs through 2027, raising $30 million in an equity placement.
Eve Holding, Inc. (NYSE:EVEX) develops urban air mobility (UAM) solutions, including the design and production of electric vertical take-off and landing (eVTOL) aircraft, a comprehensive global services and support network for eVTOLs, and air traffic management solutions for a UAM ecosystem.
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READ NEXT: 12 Best Consumer Goods Stocks Billionaires Are Quietly Buying and Goldman Sachs Penny Stocks: Top 12 Stock Picks.
Disclosure: None. This article is originally published at Insider Monkey.
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- How Recent Developments Are Rewriting the Story for Embraer
Nov 16, 2025
The Fair Value Estimate for Embraer stock has recently been adjusted downward to R$82.44, a modest decrease from the previous R$83.34 mark. This revision comes as analysts maintain optimism, highlighting strong new aircraft orders and strategic deals that are fueling the company's momentum. Stay tuned to discover how investors can track the evolving story behind Embraer's price target updates and market outlook.
Stay updated as the Fair Value for Embraer shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Embraer.
What Wall Street Has Been Saying
Recent analyst commentary on Embraer reflects a largely positive outlook, with several major research firms raising their price targets and emphasizing the company’s strong operational momentum. Analysts highlight both the opportunities and ongoing challenges of the current environment as they factor into Embraer's evolving valuation.
🐂 Bullish Takeaways
Multiple firms, including JPMorgan, Citi, Morgan Stanley, and BofA, have recently raised their price targets on Embraer, ranging from $65 to $80. This suggests increased confidence in the company’s growth prospects. JPMorgan’s Marcelo Motta raised the price target to $80, maintaining an Overweight rating and citing an attractive valuation for Embraer at current share levels following updated estimates post-Q3. Citi’s Stephen Trent lifted the price target to $70 from $59, noting ongoing strong aircraft orders and consistently solid financial performance. The firm sees momentum continuing in upcoming quarters. Morgan Stanley characterized the recent share pullback as “an attractive entry point” and reiterated an Overweight rating with a $67 price target, pointing to the persistence of its positive long-term thesis and opportunities across company segments. BofA increased its target to $65 from $55 after a substantial order with Avelo Airlines. The firm highlighted the significance of Embraer’s deal pipeline and execution capacity. Key drivers of positive sentiment include robust order activity, effective execution, and the company’s ability to capitalize on strategic growth opportunities.
🐻 Bearish Takeaways
The recent commentary from major firms remains predominantly bullish, with few explicit bearish reservations noted in the latest research updates. While valuation is cited as attractive by most analysts, ongoing market risks and the potential for near-term volatility are implicit considerations as analysts continuously reassess price targets and forward estimates.
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Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!BOVESPA:EMBJ3 Community Fair Values as at Nov 2025
What's in the News
Embraer has issued a warning regarding possible order cancellations and delivery delays if proposed U.S. tariffs on aircraft are enacted. The company cites higher costs per aircraft and negative consequences for the U.S. aviation sector. The Board of Directors has approved a share buyback program allowing for the repurchase of up to 10.8 million shares, or 1.47% of the company’s outstanding shares. The initiative will run through November 6, 2026. TrueNoord has placed a firm order for twenty new E195-E2 aircraft, including additional options, in a deal valued at USD 1.8 billion at list price. Embraer has signed a strategic partnership with Mahindra Group to further the C-390 Millennium military transport program for the Indian Air Force. The partnership aims to position India as a key hub for manufacturing and support.
How This Changes the Fair Value For Embraer
The Fair Value Estimate has decreased slightly and is now R$82.44, down from R$83.34. The Discount Rate has fallen marginally to 19.71% from the previous 19.98%. Revenue Growth forecasts have eased to 6.90%, compared with 7.12% in earlier analyses. The Net Profit Margin expectation has declined to 6.32%, compared to 6.58% previously. The Future P/E Ratio has risen slightly, now projected at 33.60x, compared with 32.64x before.
🔔 Never Miss an Update: Follow The Narrative
A Narrative is a powerful way to invest smarter, combining the story behind Embraer with hard numbers like estimated future revenue, earnings, and fair value. Narratives on Simply Wall St link a company’s key developments directly to evolving financial forecasts, so you can easily see when to buy or sell by comparing fair value with the current price. Updated dynamically as news and results come in, Narratives are accessible on the Community page and are used by millions of investors.
Read the full narrative for Embraer on Simply Wall St to stay ahead of the story:
Find out how strong global demand and aftermarket growth are fueling Embraer's record order backlog and revenue outlook. See how operational improvements and diversification into defense enhance profitability, while share buybacks signal confidence. Understand the key risks, including U.S. tariff exposure and execution challenges, that could impact Embraer's future growth and fair value.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include EMBJ3.bovespa.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- StandardAero Breaks Ground On Winnipeg Facility Expansion
Nov 10, 2025
Investment to Increase Capacity, Drive Faster Turnaround Times for Commercial and Military Engine MRO Services
SCOTTSDALE, Ariz., November 10, 2025--(BUSINESS WIRE)--StandardAero (NYSE: SARO), a leading independent pure-play provider of aerospace engine aftermarket services including engine maintenance, repair and overhaul (MRO) and engine component repair, has broken ground on an approximately 70,000 sq. ft. expansion to one of the company's facilities in Winnipeg, MB, which provides full MRO support for the GE Aerospace CF34-3/8 and CFM International CFM56-7B turbofan engines.
This latest investment in StandardAero’s extensive Winnipeg footprint will increase the site’s capacity for the CF34-3/8 engine, which powers some of the industry’s most popular regional airliners such as the Embraer E175 and MHIRJ CRJ700. The expansion will also allow StandardAero to increase work on the CFM56-7B, which powers the Boeing 737 NG and its military variants, including the P-8A Poseidon maritime patrol aircraft.
The investment in the Winnipeg campus is being undertaken in partnership with StandardAero’s government partners, most notably the Manitoba provincial government, which is contributing $3 million towards the expansion. This investment supports the highly skilled workforce at the facility, which serves commercial and military operators worldwide.
"StandardAero is delighted to reinforce its commitment to our CF34 and CFM56 customers worldwide through this new investment in our Winnipeg facility, which will increase the building’s footprint by 40 percent," said Russ Ford, Chairman & CEO of StandardAero. "Over the past 25 years, we have developed a reputation for reliable service excellence on the CF34 engine family, and we look forward to exceeding our customers’ expectations on this and all platforms for decades to come."
Commenting on the Manitoba provincial government’s investment in the expansion, the Honourable Jamie Moses, Minister of Business, Mining, Trade and Job Creation said: "Today’s announcement is a powerful example of StandardAero, a world-class company, continuing to choose Manitoba as the right destination for investment. Through this partnership, our government is investing in Manitoba’s people, supporting thousands of jobs right here in Winnipeg and building a globally leading aerospace sector."
Peter Wheatley, Vice President & General Manager - CF34/CFM56 at StandardAero, added: "This new investment in our CF34/CFM56 lines continues StandardAero’s 114-year presence in Winnipeg, and further cements our commitment to our 1,500 employees here. Our team has long exemplified StandardAero’s focus on operational excellence, and the approximately 70,000 sq. ft. expansion will benefit from the very latest in world-class equipment and processes when it comes on line in the second half of 2026. Moreover, the volume of work represented by this additional capacity over the next several years is already mostly secured through long-term contracts."
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"StandardAero is a trusted, high performing MRO provider and we’re pleased their facility expansion in Winnipeg will offer our CF34-3/8 engine customers even greater capacity and capabilities to meet their needs," said Vivek Kuppusamy, General Manager, Regional Engines, GE Aerospace. "This site expansion highlights our commitment to an MRO network that offers our customers a choice of facilities and geographies to meet surging travel demand."
StandardAero has been a GE-Branded Service Agreement (GBSA) partner for the CF34-3 and CF34-8 since 2001, and the Winnipeg facility celebrated its 4,000th CF34 MRO workscope last November. StandardAero also offers CF34 authorized line service maintenance from its location in Augusta, GA, USA, plus engine health monitoring (EHM) data analysis support from its facility in Gonesse, France.
StandardAero also holds CFM International General Support License Agreement (GSLA) approval for the CFM56-7B, having supported the engine since 2009, and today serves the global Boeing 737NG operator base with engine overhaul and test capabilities from two locations across North America: Winnipeg, MB, Canada and DFW International Airport, TX, USA. The company provides an extensive range of additional services for the CFM56 family, including exchange engines, used serviceable material (USM), component repair and overhaul, and EHM data analysis.
StandardAero is a leading independent pure-play provider of aerospace engine aftermarket services for fixed- and rotary-wing aircraft, serving the commercial, military and business aviation end markets. StandardAero provides a comprehensive suite of critical, value-added aftermarket solutions, including engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero, go to www.standardaero.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251107725655/en/
Contacts
Media Contact:
Jake Saylor, VP Marketing & Communications
+1 602-209-1029
Jake.saylor@standardaero.com
Investor Contact:
Rama Bondada, VP Investor Relations
+1 480-377-3196
Rama.bondada@standardaero.com
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- Material Fact: Approval of "equity swap" derivative contracts
Nov 7, 2025
EMBRAER S.A. Publicly Held Company
CNPJ/MF 07.689.002/0001-89
NIRE 35.300.325.761
SÃO JOSÉ DOS CAMPOS, Brazil, Nov. 6, 2025 /PRNewswire/ -- Embraer S.A. ("Company") (B3: EMBR3, NYSE: ERJ) informs its shareholders and the market that its Board of Directors, in a meeting held on November 6, 2025, according to the minutes published on the CVM and Investor Relations websites, approved the execution by the Company, with Banco Itaú Unibanco S.A., of derivative agreements of "Equity Swap", referenced in the shares issued by the Company. Equity Swap agreements will observe the following limits and conditions:
Equity Swap Settlement: cash settlement, within a maximum period of 12 months from November 7, 2025.
Maximum Exposure: up to 10,932,998 common shares, observing the limit established in CVM Resolution No. 77/22.
Conditions: the Equity Swap will allow the Company to receive the price variation related to its shares traded on the stock exchange plus any dividends distributed to the shares subject to the Equity Swap (active end) and pay CDI plus a spread (passive end), during the term of the agreement.
Purpose: need to mitigate fluctuations in the prices of shares issued by the Company, in view of future payments to be made by the Company within the scope of its long-term incentive plans (phantom shares).
Antonio Carlos Garcia Executive Vice President, Financial & Investor RelationsCision
View original content:https://www.prnewswire.com/news-releases/material-fact-approval-of-equity-swap-derivative-contracts-302608112.html
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- Material Fact of Share Buyback Program
Nov 7, 2025
EMBRAER S.A. Publicly Held Company CNPJ/MF: 07.689.002/0001-89 NIRE: 35.300.325.761
SÃO JOSÉ DOS CAMPOS, Brazil, Nov. 6, 2025 /PRNewswire/ -- EMBRAER S.A. ("Company") (B3: EMBR3, NYSE: ERJ), in accordance with article 157, §4 of Law 6,404 of December 15, 1976, as amended ("Brazilian Corporate Law"), as well as under Resolution No. 44 of August 23, 2021, as amended, and Resolution CVM No. 77 of March 29, 2022 ("CVM Resolution 77"), informs its shareholders and the market in general that the Board of Directors, in a meeting held on this date, November 6, 2025, approved a share buyback program for its own issued shares ("Share Buyback Program"):
Purpose: acquisition of common shares, all registered, book-entry and with no par value, issued by the Company, all legal limits respected and based on available resources, for holding in treasury, cancellation, or subsequent sale of the shares on the market, as well as to fulfill the obligations and with the protection of commitments assumed by the Company under its share-based compensation plans.
Maximum number of shares to be acquired: up to 10,800,000 (ten million, eight hundred thousand) ordinary shares issued by the Company, which represent approximately 1.5% of the 733,566,139 (seven hundred thirty-three million, five hundred sixty-six thousand, one hundred thirty-nine) outstanding common shares issued by the Company in the market, as of this date, in accordance with CVM Instruction no. 77, of March 29, 2022, article 1st, sole paragraph, item I, with the Company holding, as of this date, 6,898,905 (six million, eight hundred ninety-eight thousand, nine hundred five) shares in treasury.
Maximum term: the Share Buyback Program will come into effect on November 7, 2025, and will last for 12 (twelve) months, that being, until November 6, 2026.
Price and Method of Acquisition: The acquisitions will be carried out on the stock exchange, at B3 S.A. – Brasil, Bolsa, Balcão, at market prices and intermediated through the following financial institution: BTG Pactual Serviços Financeiros S/A DTVM.
The Company's Executive Board will determine the timing and the number of shares to be effectively acquired, observing the limits and validity period established by the Board of Directors and applicable regulations, with only resources available in accordance with Article 7, §1, of CVM Resolution 77 being used, arising from the Company's Investment and Working Capital Reserve, as determined in the financial statements for the fiscal year ended September 30, 2025, disclosed on November 04, 2025, with a value corresponding to R$ 2,511,611,561.56 (two billion, five hundred and eleven million, six hundred and eleven thousand, five hundred and sixty-one reais and fifty-six cents).
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The Company believes that the acquisition of its own issued shares will not impact the shareholder composition or its administrative structure. The members of the Board of Directors consider that the Company's current financial situation is compatible with the execution of the Share Buyback Program under the approved conditions and believe that the share buyback will not impair the fulfillment of obligations assumed with creditors. This conclusion stems from an evaluation of the potential financial amount to be used in the Share Buyback Program when compared to (i) the level of obligations assumed with creditors, with the Company having the capacity to meet its financial commitments; and (ii) the amount available in cash, cash equivalents, and the Company's financial investments.
For more information on the Share Buyback Program, please refer to the information attached to the minutes of the Board of Directors' meeting held on this date, which have been duly made available on the Company's investor relations website and the CVM website, approving the Share Buyback Program, prepared in accordance with 'Annex G' to CVM Resolution No. 80, dated March 29, 2022, as amended.
Antonio Carlos Garcia Executive Vice President, Financial & Investor RelationsCision
View original content:https://www.prnewswire.com/news-releases/material-fact-of-share-buyback-program-302608006.html
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- Embraer's Q3 Earnings Fall Year Over Year, Revenues Rise
Nov 6, 2025
Share price of Embraer S.A. EMBJ rose 4.1% to $64.58 on Nov. 5, following its third-quarter 2025 results.
The company reported a third-quarter 2025 adjusted earnings of 30 cents per American Depository Share (ADS), which deteriorated significantly from $1.20 per ADS registered in the year-ago quarter.
The company reported GAAP earnings of 64 cents per ADS compared with 97 cents in the third quarter of 2024.
Embraer’s Total Revenues
Revenues totaled $2 billion, up 18.4% year over year, driven by higher revenues from all of ERJ’s business segments, especially Executive Aviation.
EMBJ’s Order & Delivery
Embraer delivered 62 jets in the quarter. It delivered 20 commercial and 41 executive (23 light and 18 midsize) jets compared with 16 commercial and 41 executive (22 light and 19 midsize) jets in the prior-year quarter.
The backlog at the end of the third quarter was $31.3 billion, higher than the previous quarter’s figure of $29.7 billion.
EMBJ’s Segmental Details
Executive Aviation: This segment recorded revenues worth $583 million, up 4% year over year. However, the gross margin decreased from 23.4% to 18.7% a year ago because of product mix, U.S. import tariffs and higher costs.
Defense & Security: This unit generated revenues of $278 million, which improved 27% year over year. The upside was due to higher KC-390 volumes and a one-off positive contract-related adjustment.
Commercial Aviation: This segment recorded revenues worth $618 million, up 31% year over year. This was due to better product mix and higher volumes and prices.
Services & Support: This segment recorded revenues worth $493 million, up 16% year over year, driven by higher volumes across all segments, particularly in Commercial Aviation, Executive Aviation and the ramp-up of the OGMA GTF engine shop.
Others: This segment includes ERJ’s Agricultural Aviation, cyber division Tempest and other businesses. Revenues for this segment amounted to $32 million, up 150% year over year. This upside was driven by the inclusion of the reclassified landing gear division in early 2025.
Operational Highlights for EMBJ
Embraer’s operating income amounted to $159.6 million compared with $285.2 million in the second quarter of 2024.
The company posted an adjusted EBITDA of $236.3 million compared with $356.6 million a year ago.
Financial Update for EMBJ
As of Sept. 30, 2025, ERJ’s cash and cash equivalents amounted to $1.67 billion compared with $2.23 billion as of Dec. 31, 2024.
Its adjusted free cash outflow (without Eve) for the third quarter of 2025 totaled $300.3 million compared with $241.1 million in the prior-year period.
The net cash generated in operating activities amounted to $381.3 million against cash used $337 million at the end of the third quarter of 2024.
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Embraer’s 2025 Guidance
Embraer reiterated its guidance for 2025.
It continues to expect to deliver 77-85 commercial jets and 145-155 Executive Aviation jets.
ERJ still anticipates revenues to be in the range of $7.0-$7.5 billion. The Zacks Consensus Estimate for revenues is pegged at $7.44 billion, which lies above the midpoint of the company’s guided range.
Embraer still expects the adjusted EBIT margin to be between 7.5% and 8.3%.
Adjusted free cash flow is still projected to be $200 million or more.
EMBJ’s Zacks Rank
Embraer currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Recent Defense Releases
The Boeing Company BA incurred an adjusted loss of $7.47 per share in the third quarter of 2025, wider than the Zacks Consensus Estimate of a loss of $3.68. The bottom line improved from the year-ago quarter’s reported loss of $10.44 per share.
Its revenues amounted to $23.27 billion, which outpaced the Zacks Consensus Estimate of $21.92 billion by 6.2%. The top line also surged 30.4% from the year-ago quarter’s reported figure of $17.84 billion.
Textron Inc. TXT reported third-quarter 2025 adjusted earnings of $1.55 per share, which beat the Zacks Consensus Estimate of $1.47 by 5.4%. The bottom line also rose 10.7% from $1.40 in the year-ago quarter.
The company reported total revenues of $3.6 billion, which missed the Zacks Consensus Estimate of $3.71 billion by 2.8%. Moreover, revenues increased 4.9% from the year-ago quarter’s level of $3.43 billion.
RTX Corporation’s RTX third-quarter 2025 adjusted earnings per share (EPS) of $1.70 beat the Zacks Consensus Estimate of $1.42 by 19.7%. The bottom line also improved 17.2% from the year-ago quarter’s level of $1.45.
RTX’s third-quarter sales totaled $22.48 billion, which surpassed the Zacks Consensus Estimate of $21.48 billion by 4.6%. The top line also surged a solid 11.9% from $20.09 billion recorded for the third quarter of 2024.
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Embraer-Empresa Brasileira de Aeronautica (EMBJ) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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- Embraer SA (EMBJ) Q3 2025 Earnings Call Highlights: Record Backlog and Revenue Growth Amid ...
Nov 4, 2025
This article first appeared on GuruFocus.
Commercial Aviation Backlog: $15.2 billion with a 2.7 to 1 book-to-bill ratio. Executive Aviation Revenue: Approximately $580 million, an all-time high for Q3. Executive Aviation Backlog: $7.3 billion with a 2.4 to 1 book-to-bill ratio. Defense and Security Backlog: $3.9 billion with a 1.3 to 1 book-to-bill ratio. Service and Support Backlog: $4.9 billion with a 1.8 to 1 book-to-bill ratio. Aircraft Deliveries: Increased by 16% year-to-date. Commercial Aviation Revenue Growth: 31% increase year-over-year. Executive Aviation Revenue Growth: 4% increase year-over-year. Defense and Security Revenue Growth: 27% increase year-over-year. Service and Support Revenue Growth: 16% increase year-over-year. Adjusted EBIT Margin: 8.6% for Q3 2025. Adjusted Free Cash Flow: $300 million in Q3 2025. Net Income: $54 million in adjusted net income for Q3 2025. EPS: $1.7 per ADS over the past 12 months. Net Debt-to-EBITDA Ratio: 0.5 times, excluding E. Backlog Growth: Company-wide backlog reached $31.3 billion, up 38% year-over-year. Revenue: Close to $2 billion, an 18% increase year-over-year.
Warning! GuruFocus has detected 5 Warning Sign with EMBJ. Is EMBJ fairly valued? Test your thesis with our free DCF calculator.
Release Date: November 04, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
Embraer SA (NYSE:EMBJ) reported a significant increase in its backlog, reaching $31.3 billion, up 38% from previous records. The company achieved a 16% increase in aircraft deliveries, indicating improved production efficiency. Embraer SA (NYSE:EMBJ) saw a 31% revenue increase in commercial aviation due to a better product mix and higher volumes and prices. The executive aviation division reached an all-time high for third-quarter revenues, with a backlog of $7.3 billion. The defense and security division experienced a 27% revenue growth, supported by higher KC 290 volumes and positive contract adjustments.
Negative Points
The executive aviation segment faced margin pressure due to product mix changes and US import tariffs, impacting profitability. US import tariffs are expected to have a continued negative impact, with an estimated $35-38 million impact in Q4. The company faces supply chain risks, which could affect aircraft delivery schedules and margins in the fourth quarter. Adjusted net income saw a sharp decline from 13.1% to 2.7% due to the absence of a one-time positive impact from a previous Boeing agreement. The service and support division experienced a decline in EBIT margin due to service and material delays.
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Q & A Highlights
Q: How does Embraer plan to return value to shareholders given its strong financial position? A: Antonio Garcia, Executive Vice President and CFO, mentioned that while they resumed dividends last year, they are evaluating their capital structure and considering options like share buybacks. However, no firm decision has been made yet.
Q: Is Embraer handling the complete retrofit for American Airlines' E-Jets fleet, and how does this impact future service offerings? A: Francisco Neto, President and CEO, confirmed that Embraer is involved in the retrofit, which includes new seats and better connectivity. This kit is available for other customers, and they can perform the retrofit at their new MRO in Dallas.
Q: What are the reasons behind the margin fluctuations in the executive aviation segment? A: Antonio Garcia explained that cost inflation and US import tariffs have impacted margins. The tariffs alone account for a 2.5% margin impact compared to the previous year.
Q: Can you elaborate on the one-off contract-related adjustment in the defense segment? A: An unidentified company representative clarified that a plane was reassigned to a different client mid-production, leading to a recalculation of revenues and profitability due to the percentage of completion accounting method.
Q: How is Embraer addressing the supply chain risks and US tariffs in their guidance? A: Francisco Neto stated that supply chain risks for 2025 are mitigated, with all necessary parts available. However, a concentration of aircraft deliveries in the next two months justifies maintaining current guidance. Antonio Garcia added that the company is working to offset the impact of tariffs and aims to meet or exceed the high end of their margin guidance.
Q: What is the profitability outlook for Embraer's services division given the shift to agnostic revenues? A: Antonio Garcia noted that the division should maintain a 14-15% EBIT margin, with temporary fluctuations due to timing issues. Francisco Neto emphasized that service and support is a key growth driver, with significant investments in infrastructure to support future growth.
Q: What is the status of the KC-390 campaign in India, and how does it involve local production? A: Francisco Neto highlighted that the project is progressing well, with a partnership with Mahindra for marketing and industrial support. The project requires 50% local content, with parts produced in Brazil and India, and final assembly in India.
Q: Has the US government shutdown affected Embraer's operations, particularly regarding FAA certifications and tariff discussions? A: Francisco Neto confirmed that there has been no impact on certification work or tariff negotiations due to the US government shutdown.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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- EMBRAER EARNINGS RESULTS 3rd QUARTER 2025
Nov 4, 2025
SÃO PAULO, Nov. 4, 2025 /PRNewswire/ -- EMBRAER S.A. (NYSE: EMBJ; B3: EMBJ3) RELEASES ITS THIRD QUARTER 2025 EARNINGS RESULTS.
HIGHLIGHTS
2025 Guidance re-iterated. From an operations point of view, the company estimates Commercial Aviation deliveries between 77and 85 aircraft, and Executive Aviation deliveries between 145 and 155 aircraft. From a financial point of view, revenues in the US$7.0 to US$7.5 billionrange, adjusted EBIT marginbetween7.5% and 8.3%, and adjusted free cash flow of US$200 million or higher for the year. S&P upgraded our credit rating from "BBB-" to "BBB" (2 notches above IG threshold) and, in addition, Fitch Ratings and Moody's revised their outlook for the company from stable to positive ("BBB-" and "Baa3" ratings or 1 notch above IG threshold). Revenues totaled US$2,004 million in 3Q25 – all time high 3rd quarter – +18% yoy. Highlights for Commercial Aviation and Defense & Security revenues with +31% and +27% yoy growth. Adjusted EBIT reached US$172.0 million with an +8.6% margin in 3Q25 (+17.6% in 3Q24; +8.7% ex Boeing agreement). U.S. import tariffs totalled US$17 million during the quarter (85bp); US$ 27 million year-to-date. Adjusted free cash floww/o Eve was US$300.3 million during the period because of higher number of aircraft delivered and lower accounts receivables. Embraer delivered 62 aircraft in 3Q25, of which 20 were commercial jets (13 E2s and 7 E1s), 41 were executive jets (23 light and 18 medium) while 1 was defense (KC-390 Millennium); +5% versus 59 aircraft delivered yoy. Firm order backlog of US$31.3 billion in 3Q25– an all-time high. For more information please see our 3Q25 Backlog and Deliveries release. To access the spreadsheet containing the data available in our Investor Relations website click here.
For additional information, please check the full document on our website ri.embraer.com.br
INVESTOR RELATIONS Guilherme Paiva, Patrícia Mc Knight, Alessandra Rangel, Marilia Saback and Rodrigo Diniz.
investor.relations@embraer.com.br ri.embraer.com.br
Embraer will host a conference call to present its 3Q25 results on:
Tuesday November 04, 2025
ENGLISH: 7:00 AM (NY Time) / 9:00 AM (SP Time).
Translation to Portuguese.
To access the webcast click here.
Zoom webinar: 815 2157 6766
We recommend you join 15 minutes in advance.Cision
View original content:https://www.prnewswire.com/news-releases/embraer-earnings-results-3rd-quarter-2025-302603932.html
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- Tesla Drama, Palantir Earnings Have Wall Street's Radar Buzzing
Nov 3, 2025
With Palantir earnings due and Elon Musk's pay package putting Tesla stock in focus, there's now shortage of Wall Street drama.
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